KUALA LUMPUR: The 70% cap on home loans announced by Bank Negara Malaysia (BNM) for purchases of third homes effective Wednesday, Nov 3 is welcomed by housing developers, but a nationwide application of the measure would affect genuine house buyers, cautioned the Real Estate and Housing Developers Association (Rehda) president Datuk Michael Yam.

KUALA LUMPUR: The demand for housing is expected to remain strong for the next 12 to 18 months, after which the market will stabilise, according to Datuk Fateh Iskandar Mohamed Mansor, deputy president of the Real Estate and Housing Developers' Association of Malaysia (Rehda).

Cities only grow or die, they don’t stand still,” said New South Wales premier Kristina Keneally at the recent Forbes Global CEO Conference 2010 in Sydney.
These words continue to resonate with Bukit Kiara Properties Sdn Bhd’s managing director N K Tong, who was at the conference.

KUALA LUMPUR: The government plans to attract at least 200 multi-national companies (MNCs) to set up office in Kuala Lumpur by 2020, mainly in the Greater Kuala Lumpur/Klang Valley conurbation.

KUALA LUMPUR: Major property developers in the country said that the Budget 2011 is a business- and people-friendly budget, and added that steps taken to increase house ownership among Malaysians will help spur the property sector and enable more people to own homes.

KUALA LUMPUR: Pakatan Rakyat members of parliament (MPs) yesterday urged the Ministry of Finance to withdraw from Parliament the proposed amendments to the Valuers, Appraisers and Estate Agents Act 1981 (VAEA Act) which had already raised the ire of property industry players.

KUALA LUMPUR: The final Klang Valley Malaysia Property Expo (MAPEX) for 2010 will take place from Oct 22 - 24 at Midvalley Megamall's Midvalley Exhibition Centre, Real Estate and Housing Developers' Association (Rehda) announced in a statement on Wednesday, Oct 13.

Datuk Alan Tong-    past Fiabci (International Real Estate Federation) world president (2005-06)-    past Fiabci Malaysia president-    Sunrise Bhd founder-    Bukit Kiara Properties Sdn Bhd group chairman“The top developers in the country continue to work hard to remain on top but it is good to see some new names among the Top 10 this year.

KUALA LUMPUR: The Malaysian Developers' Council (MDC) has called for the government to resist and review legislations that will enable organisations and professional service providers dominating a particular sector to demand prior payment before work commences, in the interest of fair and free trade practices.